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It was started in 1950 as Mughal Traders imported Iron and steel products. [4] In 2008, Mughal acquired the plant and machinery of Al-Bashir Steel Industries. [6] In 2010, Mughal was incorporated as Mughal Iron & Steel Industries Limited. [6] In 2015, Mughal was listed on the Karachi Stock Exchange, following an initial public offering at a ...
The Pakistan Steel Mills Corporation, [2] [3] colloquially referred to as Pak Steel, is a Pakistani state-owned company that produces long-rolled steel and heavy metal products in the country. [ 4 ] Headquartered in Karachi , Sindh , the PSMC is currently the largest industrial mega-corporation in Pakistan, having a production capacity of 1.1 ...
According to the Economic complexity index, Pakistan is the 67th largest export economy in the world and the 106th most complex economy. [10] During the fiscal year 2015–16, Pakistan's exports stood at US$20.81 billion and imports at US$44.76 billion, resulting in a negative trade balance of US$23.96 billion.
Ittefaq Foundries, commonly known as Ittefaq Group, was a Pakistani integrated steel producer headquartered in Lahore.It was founded in 1951 by Sharif family.At its peak, it was a manufacturer of diesel engines up to 200 hp, lathes, road rollers, agricultural equipment, and electric fans.
Lahore, along with Delhi, was the most important center of production of military equipment of Mughal empire. [20] In 1757, when the Subah of Lahore came temporarily under control of Ahmed Shah Abdali, the Zamzama cannon was ordered to be cast by Shah Nazir, a metalsmith of the former Mughal viceroy of the Lahore Subah, Moin-ul-Mulk. [21]
Pakistan and its two largest city economies. Source: [1] As of 2019, Lahore had an estimated GDP of $84 billion. [2] [3] As of 2008, the city's gross domestic product (GDP) by purchasing power parity (PPP) was estimated at $40 billion (projected to be $102 billion by the year 2025, with a slightly higher growth rate of 5.6% per annum, as compared to Karachi's 5.5%).
A year later, Alshafi Steel merged with Ittefaq Sons, forming Ittefaq Iron Industries Limited in 2009. [1] [5] In 2017, Ittefaq Iron Industries raised Rs. 1.26 billion through initial public offering at a strike price of Rs. 30.2 and became a listed company on the Pakistan Stock Exchange. [6] [7]
Lahore Junction Station serves as the main railway station for Lahore, and serves as a major hub for all Pakistan Railways services in Northern Pakistan. It includes services to Peshawar and the national capital metropolitan area of Islamabad – Rawalpindi , and long-distance services to Karachi and Quetta .